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Course 17140
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54. Property, plant and equipment (PPE) are assets:
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53. Which item is classified as a tangible non-current asset?
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52. Which expenditure is generally capitalised after initial recognition?
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51. Which statement is correct regarding land?
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50. An asset has carrying amount N$12,000 and is scrapped for N$0. The result is:
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5. When analyzing the effects of depreciation methods on financial statements, which method typically results in higher expenses in the early years?
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49. Profit/loss on disposal should be calculated using:
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48. An asset is purchased on 1 January 2020 at a cost of N$563,239.13, residual value N$60,000, useful life 8 years. The asset was available for use on the day of acquisition and the entity has a year-end of 31 December. The asset is sold on 31 December 2022 for N$400,000 (VAT inclusive). Determine the loss or gain on the sale of the asset:
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47. An asset has a cost of N$563,239.13, residual value N$60,000, useful life 8 years. Calculate the depreciation per year using the straight-line method:
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46. A truck is acquired cash for N$600,000 (VAT inclusive), installation N$34,500 (VAT inclusive) and repairs before use N$11,500 (VAT exclusive; necessary to bring to working condition) VAT registered (input VAT claimable). What is the total capitalised cost?
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